America's Foremost Business Fraternity

Is Delta Sigma Pi Tax-Exempt?

September 6, 2011

Welcome back to Terminology Tuesday! Each Tuesday we will blog about some commonly misused terms within the Fraternity. It’s our hope that you take some time to read, laugh, smile, and then use the information to alter your word choices, and the choices of those around you.

Member and business charitable donations are only tax-deductible if made to the Leadership Foundation; not to chapters or the general Fraternity. Delta Sigma Pi is an IRS 501(c)7 organization and operates on the fiscal year July 1-June 30. The Delta Sigma Pi Leadership Foundation is a 501(c)3 organization.

A 501(c)7 is the designation given to nonprofits that operate as social and recreational clubs and a 501(c)3 is an educational nonprofit. The Delta Sigma Pi Leadership Foundation exists to generate and provide financial support for Delta Sigma Pi Fraternity’s educational and charitable programs, which assist members to achieve individual and professional excellence within the business community.